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Global biogas market size is anticipated to witness substantial growth during Forecast period 2017 – 2024

09-13-2017 11:21 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Global biogas market size is anticipated to witness substantial

Rising energy security concern due to depleting conventional resources will positively steer the global biogas market. In 2017, The Asian Development Bank has funded waste to energy (WTE) projects in agreement with Dynagreen environmental protection group across China.

Renewable resource integration with demand for cost effective clean source of energy will positively drive the global biogas market share by 2024. Government initiatives pertaining to waste management will propel the global industry. In 2017, Australian government in support to waste to energy technologies have launched a USD 2 million program in Victoria.

Inconsistency of waste composition and complex facility designs will hamper global biogas market. Urbanization and economic growth are diversifying the technology pertaining to lower generation rates, improved treatment technology and waste composition techniques.

Global biogas market can be segmented as organic waste from landfills, municipal waste water, commercial organic waste, agricultural waste and energy crops. Landfill gas is anticipated to grow substantially pertaining to escalating demand for effective waste management implementation. In 2016, the U.S. based Mas Energy LLC in collaboration with Republic Services Inc. have set up three landfill gas plants in the Georgia adhering to Republics Hickory Ridge Landfill Operations.

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Municipal waste water in global biogas market is set to grow appreciably pertaining to intensive population growth and developing food industry. Demand for domestic and industrial water management positively drives the sewage gas technology across the forecast period. In 2013, Tambaram municipality, India launched a sewage gas based bio-methanation plant generating methane from public toilet waste. Commercial organic waste is predicted to grow prominently owing to rapid industrialization and growing infrastructure across the globe. In 2017, the United Nations Industrial Development Organization (UNIDO) in collaboration with Global Environment facility launched an industrial waste generated biogas project in South Africa.

On the basis of application, the global biogas market is segmented as electricity and heat generation, natural gas grid feeding, transportation fuel.
Electricity and heat generation market is set to grow substantially owing to growing electricity demand, distributed generation technology and global energy security concern. In 2017, UK based firm Veolia has been contracted for designing and operations of a waste to energy based combined heat and power plant. Transportation fuel is anticipated to grow considerably pertaining to global consent towards greenhouse emissions and demand for clean energy. In 2017, the U.S. based VIA Metropolitan Transit has announced sale of bonds worth USD 82 million to buy natural gas powered 270 buses.

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For Europe, Germany biogas market provides moderate scope with growing climatic concern in compliance to security of supply and government initiatives. In 2016, German Biogas Association (GBA) upgraded the capping for the technology installations from 150MW in 2017 to 2019 to 220 MW per year from 2020 to 2022.

In Africa, biogas market is anticipated to grow substantially due rapid growth in cogeneration technology and security of supply reforms across off-grid remote areas. In 2017, Africa based firm Biojoule installed an on-grid biogas powered CHP power plant which supplies electricity and heat to the gorge farm in Kenya.

Key players in the global biogas market are namely, A2A Energia, AEB Amsterdam, Babcock & Wilcox, Veolia, Shenzhen Energy, Aterro Recycling Pvt. Ltd. with wide technological offerings. Effective turnkey project implementations and mergers & acquisitions are the key market penetration strategies.

Browse key industry insights for Biogas Market
https://www.gminsights.com/industry-analysis/biogas-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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Global Market Insights, Inc.
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